In Ukraine falling dollar

Today, January 24, the national Bank of Ukraine (NBU) has established such rates of major foreign currencies against the local currency.

1 USD – UAH 27,33;
1 Euro 29,28 UAH;
10 Russian rubles – UAH of 4.59.

Thus, the dollar, compared to yesterday’s values fell by 9 cents.

The Euro rose to 12 cents. The Russian ruble remained virtually unchanged.

Recall, January 23 at the interbank foreign exchange market, the dollar fell to a 13 – penny 14. Bidding closed quotes 27, and 25 – 27,31 UAH. Today’s auction has not started yet.

In the cash market the dollar yesterday sold at UAH 28,18, bought 27,59 UAH, respectively below the 70 and 50 UAH/USD., than 10 days ago.

Experts say that the decline was expected, but do not rule out a new increase in February.

Earlier, the NBU Council said the reasons for the collapse of the hryvnia. The NBU explained that the demand for foreign currency exceeds the supply under the influence of situational factors. And the Prime Minister of Ukraine Volodymyr Groysman assured that the devaluation of the hryvnia is seasonal.

Economists cite several reasons for the fall of the hryvnia: the demand for commodities decreases, the Ukrainians earn less at the expense of exports, in addition, dollars have to be spent on the purchase of energy resources and the repayment of loans. According to experts, the rate stabiliziruemost after Feb.

  • In 2017, Ukraine’s Finance Ministry expects a rate of 27.2 UAH/USD. The head of the NBU Valeria Gontareva considers budgeted-2017 the dollar is realistic.
  • For 2015 , the hryvnia depreciated by half, and for 2016 , the hryvnia depreciated by 12.9%, entering the TOP 3 of the weakest currencies of the CIS;
  • According to the “big Mac index” , the dollar in Ukraine has to cost a little more than 8 UAH;
  • The historical maximum the official rate of the dollar – 30.01 UAH/USD. – was made in Feb 2015.